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A Good Charting System is Crucial For Cryptocurrency Trading.

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The post A Good Charting System is Crucial For Cryptocurrency Trading. appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

Engaging in the world of cryptocurrency reading is an intriguing endeavor. Once traders understand market trends, indicators, and signals, there will be money-making opportunities. However, one needs a charting system to make the most of every opportunity, and finding the right provider can be a bit more challenging.  The Essence of Charting In Crypto Trading …

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Engaging in the world of cryptocurrency reading is an intriguing endeavor.

Once traders understand market trends, indicators, and signals, there will be money-making opportunities.

However, one needs a charting system to make the most of every opportunity, and finding the right provider can be a bit more challenging. 

The Essence of Charting In Crypto Trading

Analyzing financial markets-  cryptocurrencies or otherwise – requires a fair bit of knowledge to get started.

Also known as technical analysis, or TA, traders will use many tools at their disposal to identify where the market may head next.

As cryptocurrencies are more volatile than traditional markets – and accessible 24/7/365 – there is a bit more work involved in understanding what goes on precisely. 

For cryptocurrency readers, it is essential to understand market psychology and the “phases” any market will go through.

Cryptocurrencies are somewhat unique in this regard, as the market may under- or overvalue certain crypto assets at any given moment for seemingly no reason.

However, once one performs a deeper technical analysis, the overarching sentiment and trend may become more apparent. 

One essential tool to analyze markets and perform technical analysis is charting. A price chart will show not only the current but also past market momentum and performance.

The historical data can be used to identify indicators and patterns or market trends. Learning to read the price chart requires homework, as there is always jargon to explore and master.

Words such as bull market, short position, support level, and resistance level are essential charting knowledge.

Different Types Of Charting Layouts

When exploring a price chart for any financial market, it is often best to display information.

Many traders swear by candlestick charts as they convey information colorfully and conveniently. A candle is green or red, indicating whether the price increases or decreases for that period.

Candlestick charting includes narrow vertical lines, known as “shadows,” representing the high and low value for the asset during that period.

Beyond the candlestick chart, traders can also experiment with line charts, Renko charts, and point and figure charts, among others. Every option has its benefits or drawbacks.

Do some research to figure out what you feel most comfortable with and go from there.

Every chart type can provide valuable market insights and help traders understand which position to take. However, one cannot accurately predict market volatility, and caution remains advised.

Finding a charting provider is only the first step for crypto traders. The platform also needs to provide access to popular and slightly more niche trading indicators and drawing tools.

When reading charts, there are many options to explore, and saving them is a crucial benefit for all traders.

Moreover, supporting multiple trading platforms and allowing for portfolio and order management can create a frictionless trading experience.

Multiple Charting Systems

Whether one is an experienced or novice cryptocurrency trader, charting will always remain essential.

Atani can be a valuable service provider, as the platform offers tremendous functionality.

Its multiple charting system – supporting multiple layouts – lets users analyze the market, place orders, set stop losses, and monitor trades hassle-free.

It is an all-in-one solution for those who want to take cryptocurrency trading to the next level.

The charting solution, combined with over 80 indicators, will help traders identify market patterns and trends.

Moreover, Atani also serves as an exchange aggregator to support portfolio tracking, asset discovery, and trading activities. Its crypto trading tools can be accessed free of charge, as is its tax reporting system.

Cryptocurrency trading is a taxable event in most countries, and users will need to complete the correct filings with the proper authorities every year.

Providing a free and accessible solution to as many people as possible will spark broader interest in trading crypto assets across the supported platforms. 

Closing Thoughts

Service providers must remove some of the hassle associated with cryptocurrency trading. A one-stop solution for the technical tools and with support for trading across multiple platforms is crucial.

Additionally, the integration of free tools and tax reporting system will help traders when they have to handle the administrative side of the equation.

Atani checks a lot of the right boxes for novice and experienced traders alike.

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Source: https://coinpedia.org/news/good-charting-is-crucial-for-crypto-traders/

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Bitcoin Can Become The Global Reserve Currency, Says SkyBridge’s Anthony Scaramucci

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The American financier Anthony Scaramucci believes that bitcoin is a monetary standard that could one day become a global reserve currency. He explained the volatile nature of the digital asset with the fact that it is still in its early adoption days.

BTC Is Effective as a Monetary Network

During an interview with Natalie Brunell, the Founder and Managing Partner of SkyBridge Capital – Anthony Scaramucci – shared his stance on bitcoin’s merits and its future development.

The top executive scratched the topic of BTC’s volatility, saying that this is something normal for a relatively new asset class and compared it to Amazon. SkyBridge Capital’s CEO reminded that the e-commerce giant is now one of the leading companies, hinting that the primary cryptocurrency is also heading towards that direction:

“Bitcoin is volatile because it is in its early adoption stage. Amazon had the same volatile curve 24 years ago. But if you have put $10,000 on Amazon at its IPO, you would have $21 million today.”

Interestingly, this is not the first time when Scaramucci has made such a comparison. In March, he compared the asset’s performance to Amazon’s stock and doubled down on his belief that bitcoin is better than gold.

Scaramucci further added that bitcoin is not only a currency. It is actually an effective financial network and a monetary standard. According to him, the asset’s most significant advantage is its decentralization:


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“Bitcoin is decentralized. And financial instruments work better when you put power in peoples’ hands rather than when the government is in charge.”

Anthony Scaramucci. Source: CNBC
Anthony Scaramucci. Source: CNBC

Do Your Own Research

Despite praising the primary digital currency as a highly successful financial instrument, Scaramucci said his support is not only for it. He sees merit in other digital assets, including the second-largest – Ethereum.

He also urged people to learn more about the cryptocurrency space. Even if they are skeptical about the market, they should know the reason for it:

“Understand why you don’t want to own bitcoin, don’t just automatically say: ‘Oh, this is rat poison.’”

Speaking of initial investments in the field, Scaramucci advised the public to allocate not more than 5% of their total savings in it. Thus, in case of a price expansion, they would still enjoy solid profits. On the other hand, if bitcoin’s value starts declining (which he doubts), the loss would be insignificant.

Subsequently, he opined that bitcoin had reached a level where the US government has no power to ban it. Instead, the officials could only tax or regulate it, which they have been striving for in the past year or so.

Featured Image Courtesy of NYPost

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Source: https://cryptopotato.com/bitcoin-can-become-the-global-reserve-currency-says-skybridges-anthony-scaramucci/

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ATOM Technical Analysis: Bulls Drive Price Above the Rising Channel

ATOM technical analysis

Rate this post The strong uptrend of the ATOM coin has given a bullish breakout of the parallel channel. Some in the cryptocurrency industry are concerned about the high degree of fragmentation that is evident in blockchain networks. There are hundreds of blockchain networks. However, only a handful can communicate with each other. Cosmos seeks to reverse this situation by making communication possible. Cosmos has been described as “Blockchain 3.00”, and it is a goal to make it simple to use. It is a software development platform that emphasizes modularity. This allows the creation of a network with code fragments that already exist. As a long-term goal, complex applications will become easier to construct. Scalability is another priority. That means transactions can be processed faster than with older blockchains such as Bitcoin and Ethereum. Blockchains must be able to handle the demands of payment processing companies, websites, and other users if they want to achieve widespread adoption. Past Performance of ATOM ATOM coin price faces a short-term retracement in spite of this, the bullish rally represents an uptrend.  On September 06, 2021, ATOM opened at $25.75. On September 12, 2021, LINK closed at $34.91. Thus, in the past week, the LINK price has increased by approximately 35.65%.  Source – Tradingview ATOM Technical Analysis ATOM coin price is trading at $37.52 at the time writing with a rise of 15.65% in the past 24 hours. The overpowered uptrend has broken out of the rising parallel channel thanks to the tremendous rise in buying pressure. Source – Tradingview The strong uptrend of ATOM cryptocurrency has given a bullish breakout of the parallel channel. Furthermore, the recently made lower price rejection near the $30 mark indicates a successful retest. Thus, the breakout of the $40 level may catalyze the bullish rally and help reach the $60 mark.   As per the pivot points, the ATOM coin price may find resistance near $50 and $60. And the support levels are at $35 and $30. The exponential moving averages of 50, 100, and 200-days rise higher in the bullish formation. They may act as support levels in case of an unexpected downfall. Currently, the RSI indicator is residing at 72% as it falls resulting in a bullish divergence pattern. The divergence forecasts a dip shortly.  Furthermore, the ATOM coin price is moving above the bullish cloud of the Super Trend projecting an uptrend in motion. The uptrend grows stronger as the price retests the bullish breakout. Day-Ahead and Tomorrow ATOM token price grows in an uptrend by breaking above the parallel channel. The possible breakout of the $40 level serves as an excellent entry spot upon retest with minimum risk.

The post ATOM Technical Analysis: Bulls Drive Price Above the Rising Channel appeared first on Cryptoknowmics-Crypto News and Media Platform.

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The strong uptrend of the ATOM coin has given a bullish breakout of the parallel channel.

Some in the cryptocurrency industry are concerned about the high degree of fragmentation that is evident in blockchain networks. There are hundreds of blockchain networks. However, only a handful can communicate with each other. Cosmos seeks to reverse this situation by making communication possible.

Cosmos has been described as “Blockchain 3.00”, and it is a goal to make it simple to use. It is a software development platform that emphasizes modularity. This allows the creation of a network with code fragments that already exist. As a long-term goal, complex applications will become easier to construct.

Scalability is another priority. That means transactions can be processed faster than with older blockchains such as Bitcoin and Ethereum. Blockchains must be able to handle the demands of payment processing companies, websites, and other users if they want to achieve widespread adoption.

Past Performance of ATOM

ATOM coin price faces a short-term retracement in spite of this, the bullish rally represents an uptrend. 

On September 06, 2021, ATOM opened at $25.75. On September 12, 2021, LINK closed at $34.91. Thus, in the past week, the LINK price has increased by approximately 35.65%. 

ATOM Technical Analysis

ATOM coin price is trading at $37.52 at the time writing with a rise of 15.65% in the past 24 hours. The overpowered uptrend has broken out of the rising parallel channel thanks to the tremendous rise in buying pressure.

The strong uptrend of ATOM cryptocurrency has given a bullish breakout of the parallel channel. Furthermore, the recently made lower price rejection near the $30 mark indicates a successful retest. Thus, the breakout of the $40 level may catalyze the bullish rally and help reach the $60 mark.  

As per the pivot points, the ATOM coin price may find resistance near $50 and $60.

And the support levels are at $35 and $30.

The exponential moving averages of 50, 100, and 200-days rise higher in the bullish formation. They may act as support levels in case of an unexpected downfall.

Currently, the RSI indicator is residing at 72% as it falls resulting in a bullish divergence pattern. The divergence forecasts a dip shortly. 

Furthermore, the ATOM coin price is moving above the bullish cloud of the Super Trend projecting an uptrend in motion. The uptrend grows stronger as the price retests the bullish breakout.

Day-Ahead and Tomorrow

ATOM token price grows in an uptrend by breaking above the parallel channel. The possible breakout of the $40 level serves as an excellent entry spot upon retest with minimum risk.

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Source: https://www.cryptoknowmics.com/news/atom-technical-analysis-bulls-drive-price-above-the-rising-channel/

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TIME100: Why Ethereum’s Vitalik Buterin Deserves The Spot

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TIME100: Why Ethereum's Vitalik Buterin Deserves The Spot

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The annual ultra-prestigious Time 100 Most Influential List is out featuring everyone from Apple’s Tim Cook to Tesla’s Elon Musk and the World Trade Organization’s first female boss Ngozi Okonjo-Iweala. The cryptocurrency industry had just one slot and 27-year-old billionaire and Ethereum co-founder, Vitalik Buterin clinched the spot.

Nominated by Reddit’s co-founder, Alexis Ohanian, Vitalik made his debut on the influential list under the innovators’ category for his magnificent strides in the world of blockchain through the creation of Ethereum. Ohanian, who has been an ardent follower of Buterin from the infant stages of his career, was quick to add:

“No other person could have possibly come up with all of the uses of Ethereum, but it did take one person’s idea to get it started. From there a new world has opened up, and given rise to new ways of leveraging blockchain technology — some of which I’ve invested in.” Ohanian said in response to the global strides of Ethereum. “Whether it is start ups like Sorare reinventing fantasy sports or Rainbow users showing off their NFT collections, none of this would’ve existed without Vitalik’s creation.”

Why Buterin? Well, here are the top reasons we think.

A builder of builders

In one of Ohanian’s remarks, he referred to Vitalik as a builder’s builder and it’s not so hard to see. With a solid $400 billion community harboring a plethora of life-changing DeFi’s and pleasure-giving NFTs, the Ethereum blockchain has successfully set the ball rolling for one of the most ingenious use cases for blockchain.

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Beyond payment solutions and cryptocurrencies, newer startups are developing tools that leverage blockchain technology in areas of real estate, supply chain management, voting, user privacy and security, statistics, etc. There are now close to a 3.5 million registered DeFis and over 2000 registered DApps fully operational and domiciled on the Ethereum mainnet.

A hub for all

Bitcoin may have the magic of low transaction fees and more popularity but Ethereum has the record for the largest number of innovative developers on a single platform. There are over 40 million unique addresses with over 250,000 developers working out close to half a million daily transactions amounting to approximately $1.5 billion per day in volume. This makes Vitalik’s Ethereum the busiest tree for many birds in the crypto ecosystem. 

Bitcoin’s Satoshi Nakamoto and Cardano’s Charles Hoskinson may have earned premium accolades within the community for bringing up the first crypto and becoming the first to deploy its technology to Africa on a significant scale respectively, but Vitalik’s achievement stands true. It’s been a phenomenal year for the 27-year-old, first stepping into the Forbes billionaire club back in March and now cementing his place as an undeniably global person of influence — and he’s only 27 yet.

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Source: https://zycrypto.com/time100-why-ethereums-vitalik-buterin-deserves-the-spot/

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